Robecosam AG Reduces Holdings in A. O. Smith Corp (AOS)

Robecosam AG decreased its holdings in A. O. Smith Corp (NYSE:AOS) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 428,211 shares of the industrial products company’s stock after selling 7,382 shares during the period. A. O. Smith comprises approximately 1.7% of Robecosam AG’s portfolio, making the stock its 11th largest position. Robecosam AG’s holdings in A. O. Smith were worth $26,382,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. KBC Group NV lifted its position in shares of A. O. Smith by 372.8% during the 3rd quarter. KBC Group NV now owns 503,178 shares of the industrial products company’s stock worth $29,904,000 after purchasing an additional 396,752 shares during the last quarter. Private Trust Co. NA lifted its position in shares of A. O. Smith by 47.5% during the 4th quarter. Private Trust Co. NA now owns 5,537 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 1,782 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of A. O. Smith by 41.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 781,634 shares of the industrial products company’s stock worth $46,453,000 after purchasing an additional 228,032 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of A. O. Smith by 4.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 297,930 shares of the industrial products company’s stock worth $17,706,000 after purchasing an additional 11,452 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of A. O. Smith during the 3rd quarter worth $934,000. Institutional investors and hedge funds own 74.28% of the company’s stock.

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In other news, Chairman Ajita G. Rajendra sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $66.55, for a total transaction of $332,750.00. Following the transaction, the chairman now directly owns 301,018 shares in the company, valued at $20,032,747.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert J. Heideman sold 11,606 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $61.74, for a total transaction of $716,554.44. Following the transaction, the vice president now owns 34,099 shares in the company, valued at $2,105,272.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,635 shares of company stock worth $7,149,622. 1.28% of the stock is currently owned by company insiders.

Shares of A. O. Smith Corp (NYSE:AOS) opened at $66.49 on Monday. A. O. Smith Corp has a 1 year low of $49.48 and a 1 year high of $68.39. The firm has a market cap of $11,403.77, a price-to-earnings ratio of 39.11, a P/E/G ratio of 1.94 and a beta of 1.52. The company has a quick ratio of 1.87, a current ratio of 2.24 and a debt-to-equity ratio of 0.24.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $768.60 million during the quarter, compared to analysts’ expectations of $767.45 million. A. O. Smith had a net margin of 9.89% and a return on equity of 23.30%. A. O. Smith’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. equities analysts predict that A. O. Smith Corp will post 2.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This is a positive change from A. O. Smith’s previous quarterly dividend of $0.14. This represents a $0.72 dividend on an annualized basis and a yield of 1.08%. A. O. Smith’s payout ratio is currently 42.35%.

Several research firms have recently issued reports on AOS. Zacks Investment Research raised shares of A. O. Smith from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Robert W. Baird reaffirmed a “buy” rating and set a $70.00 price objective on shares of A. O. Smith in a research report on Wednesday, January 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $59.00 price objective on shares of A. O. Smith in a research report on Monday, December 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $78.00 price objective on shares of A. O. Smith in a research report on Friday, January 26th. Finally, Boenning Scattergood reissued a “hold” rating on shares of A. O. Smith in a research report on Tuesday, January 30th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. A. O. Smith has a consensus rating of “Hold” and an average price target of $67.83.

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About A. O. Smith

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.

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